USD 6.2 billion
Report ID:
SQMIG20A2260 |
Region:
Global |
Published Date: May, 2024
Pages:
202
|Tables:
63
|Figures:
71
Global Commercial Airport Lightening Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.6 billion in 2023 to USD 9.8 billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).
The development of airport infrastructure along with the focus on less maintenance costs around the world is driving the growth of the airport lightening market. The government has started taking initiatives by investing in airport infrastructure which has ultimately increase the market price. The increase in the disposable income has led to the rise in passenger traffic. The market growth is further initiated by the lower operational and maintenance costs, along with an emphasis on energy-efficient lightening systems. The installation and maintenance concerns are also reduced by adopting the LED-based airfield lightening instead of luminous lighting, and new wireless or contactless power concepts. Also, the increase in investments has been witnessed in lightening systems with incorporated intelligence which helps in data recovery and performance estimation. This will help in the maintenance of the system in a better way. It will also provide the market players a significant advantage over their competitors. These are driving the growth of the players for the upcoming period. The electric and solar-powered LED technology, and research and development activities will further help in making new market growth opportunities.
For instance, the Airport Authority of India has installed a new and advanced Precision Approach Lightening System on the Thiruvananthapuram International Airport in August 2021 for improving the safety during aircraft landings. The solar-powered LED lights, which convert solar energy into electricity, are less costly which helps in reducing maintenance costs, so the airport authorities are moving towards these features. The manufacturers of LED lights are developing cleaner and brighter solutions for airports. Features such as lightening monitoring systems in airports which combine airfield lighting, surveillance, and aircraft tracking systems help guide planes along the safest and organized routes. It can reduce extra taxi time per aircraft movement by up to three minutes. Therefore, the demand for airport lightening is expected to grow more, which is contributing to the global market during the forecast period.
Global Market Size
USD 6.2 billion
Largest Segment
Airside
Fastest Growth
Terminal side
Growth Rate
5.1% CAGR
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The global commercial airport lightening market is segmented based on product type, application and region. By product type, the market is segmented into LED lightening and non-LED lighting. By application, the market is segmented into landside, airside (runway lighting, taxiway lighting, approach lighting, and obstruction & beacon lighting) and terminal side. By region, the market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Analysis By Product Type
The largest and fastest-growing market segment in the market is held by the LED lightening segment. LED lightening is popular in commercial airports because it saves energy and is environmentally friendly, thus helping in propelling market growth. It also helps airports save money on operating costs because the application of traditional lightening is much higher. These LED lights also last longer, therefore don't require much maintenance, and help save even more money. These are used in runways, terminals, taxiways and parking lots. These consume less power, require low voltage, and have a longer life span. Since airports are concentrating more on being eco-friendly, LEDs are an ideal choice for upgrading airport lightening worldwide.
On the other hand, some of the commercial airports are still using non-LED lightening because they already have it established, and it’s expensive to shift everything to LED lights. They only advance their current lightening systems with non-LED solutions, which is more cost-friendly and meets regulations, despite non-LED lights having lower energy efficiency. Due to the easier adaptability to the pre-existing non-LED lightening systems, making it a practical choice for these airports.
Analysis By Application
The airside segment is dominant based on the application in the commercial airport lightening market. The high-quality lightening for airside applications is of utmost importance in commercial airports to ensure safety and efficiency in aircraft movements. With increasing air traffic, upgrading of lightening systems on runways, taxiways, approach paths, and obstruction areas are the primary focus of the airports. These advanced lightening solutions help in improving visibility for pilots during takeoff, landing, and taxiing, especially in bad weather conditions or low-visibility situations. This improves airside operations, lowers possible risks, and improves overall aviation safety.
The fastest-growing segment of the commercial airport lightening market based on the application is the terminal side. There is a growing demand for airport lightening on the terminal side to make sure well-lightening and secure environments within terminals. This includes areas like check-in counters, baggage claim areas, and passenger walkways. The focus is to improve the passenger experience and operational proficiency within the terminals.
Moreover, there is a requirement for commercial airport lightening in landside applications to provide effective lightening in parking areas, access roads, and terminal entrances. This helps in improving overall passenger safety and security in these areas.
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The dominating region in the global commercial airport lightening market is North America, which holds a significant market share. This region is dominant largely due to many commercial military airports and a strong emphasis on energy efficiency and low operational costs. The demand for commercial airport lightening in this region is driven by rising air travel, stricter safety regulations, and the necessity to upgrade old or traditional infrastructure. This pushes airports to invest in modern lightening solutions for better effectiveness.
The Asia-Pacific is the fastest growing market in the commercial airport lightening market. The demand for commercial airport lightening in Asia Pacific has risen due to the region's solid economic growth, resulting in increased air travel and airport developments. The growth of urbanization and a growing middle class are providing more passengers, requiring advanced lightening infrastructure. China was also reported as one of the busiest airports during 2021 because of the passenger traffic. Additionally, governments in the region are investing seriously in aviation infrastructure, including lightening systems, to fulfil safety regulations and provide accommodations to the growing air traffic, which is driving the market onward.
In Europe, the demand for airport lightening is driven by a focus on sustainability and adherence to strict aviation safety standards. This has increased investments in advanced lightening technologies to guarantee efficient and eco-friendly airport operations. Similarly, in Latin America, the expansion of air travel, infrastructure development, and economic progress are encouraging airports to invest in advanced lightening systems to meet increasing safety and operational requirements, thus expanding the market. Additionally, the Middle East and Africa are undergoing rapid growth in aviation centers, increased air traffic, and aspiring infrastructure projects. Governments and airport authorities in these regions are investing in innovative lightening solutions to accommodate the growing demand and improve aviation safety standards, further strengthening market growth.
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Drivers
Expansion and modernization of airport infrastructure
Strict Government Regulations
Rise in Air Travel
Restraints
Lack of management and high cost
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Top companies are always providing new lightening solutions for airports around the world. Smaller regional companies also play a big role by offering modified solutions. The industry is competitive, with companies trying to be noticeable by offering unique products, setting prices, and focusing on sustainability. This competition is estimated to continue as airports work to improve their lightening to come across safety rules and handle more air traffic.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global commercial airport lightening market analysis, the market is rising because there are more airports globally, more people are flying, and there's a greater requirement for safety and security. Also, as existing airports modernize and expand, especially in developing countries, there's a bigger demand for better lightening solutions. Additionally, the airside segment holds the major share in the market, whereas the terminal segment is growing quickly, these days. The Asia Pacific region, including China and India, has many opportunities for development because of the expansion of their aviation infrastructure, and people are flying more. One of the major trend in the commercial airport lightening market is using smart LED lights. The market is also rising because of the increasing focus on energy-effective lightening and the extensive adoption of smart lightening technologies. LED lightening is becoming popular in commercial airport lightening because it's efficient, lasts longer, and requires less maintenance. The commercial airport lightening market is diverse, with many players. GE Lighting, a part of General Electric, is a top player in the commercial airport lightening market. They provide a wide range of lightening solutions and have customers around the world.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.2 billion |
Market size value in 2031 | USD 9.8 billion |
Growth Rate | 5.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Commercial Airport Lightening Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Commercial Airport Lightening Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Commercial Airport Lightening Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Commercial Airport Lightening Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20A2260
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